8 May 2023
Australia’s Spending Crisis: Estimating The Effect Of Federal Government Spending On Household Mortgage Repayments
Australian families are facing acute and immediate cost of living pressures, caused by rapidly rising inflation, energy costs, and rising mortgage repayment rates. One of the key causes of rising inflation is debt and deficit-financed government spending. This report examines the relationship between government spending, inflation, and mortgage rates, and its key findings are: In addition, government spending increased by
8 May 2023
Federal Government Spending To Drive Mortgage Payments Up $3,000 a Year Via Inflation
“Forecast increases in Federal Government spending will drive inflation higher, causing average mortgage repayments to increase by over $3,000 per annum, for the next three years,” said Daniel Wild Deputy Executive Director of the Institute of Public Affairs. New economic research released by the IPA shows that increased Federal Government spending, already locked in from last year’s October Budget, will
